Short Interest in Polar Power, Inc. (NASDAQ:POLA) Decreases By 39.6%

Polar Power, Inc. (NASDAQ:POLA) was the target of a significant decline in short interest in February. As of February 13th, there was short interest totaling 88,409 shares, a decline of 39.6% from the January 29th total of 146,293 shares. Based on an average trading volume of 104,884 shares, the short-interest ratio is currently 0.8 days. Approximately 4.8% of the company’s stock are short sold. Approximately 4.8% of the company’s stock are short sold. Based on an average trading volume of 104,884 shares, the short-interest ratio is currently 0.8 days.

Polar Power Price Performance

NASDAQ:POLA opened at $1.56 on Friday. The firm has a market cap of $4.15 million, a price-to-earnings ratio of -0.70 and a beta of 1.36. Polar Power has a 1-year low of $1.31 and a 1-year high of $5.75. The firm’s fifty day moving average price is $1.68 and its 200 day moving average price is $2.49.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Polar Power in a research report on Wednesday, December 24th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

Polar Power Company Profile

Polar Power, Inc (NASDAQ: POLA) is a California-based designer and manufacturer of direct current (DC) power generation and distribution systems. The company’s primary offerings include solar hybrid power systems, DC gensets and DC power modules engineered to provide reliable, off-grid or grid-tied power solutions. These products are tailored to applications in telecommunications, military, oil and gas, and other industries requiring continuous, low-cost energy delivery in remote or critical-power environments.

Polar Power’s solar hybrid systems combine solar photovoltaic arrays with DC generators and battery storage to create integrated, turnkey power plants.